 namaskar priyadarkhok hi mar puri dhi bhangi e onusthanti loye aji punar bar apna lukok swagatam janaisu ame aage ko ye hi su jay krishnakanta hondi koe reijek mukta bishso vidda loye hikkhar lo gote homajor unno inor khetot bifinno dharonore barongani aakbohaya hi se aji apna lukole aakboha bokuji su e bishso vidda loye aane tibhi hoye e bishso vidda loye hikkharti hako lukho vidhar bhave bifinno bhi hoye paithaka mor paramorkho aakbohaya hi se aane kishman bhi hoye paithaka mor paramorkho karja hoshi jahar dara rai jav bifinno prantat e bishso vidda loar odinaat oddhen goi taka tatto satri hokel upakri tahe bo pare bo gotige aaje function of management arupot parttan kori bo krishnakanta hondi koe reijek mukta bishso vidda loar department of commerce or WAHA kario thapok dr. debojiit goccia ame aho aajin he parttan karja hoshi loye today we are going to discuss lunch m m m m m m 6 m m but management is not like that. When we use the term management, it may be for any organization, not only for profit making organization, but the same principles can be applied to a not profit making organization means when NGO, hospital, educational institution, any organization we can apply the management principles మాయాస్ని నియా ప్లిల్నాస్నినిని ని఩ మిసిసానియూనిని నినాస్ని మిసాందరి క౿ంది సిషిాలిలాసి. There is no variation in the nature of management. All functions can be applied to any organization. So, let us start with the first function of management, number 1 that is planning. Let us start with the function of planning. So, in management we have planning, then number 2 we will discuss. Number 3 is stuffing and then directing and lastly the controlling function of management. All these functions we will discuss now. So, let us start with the first one that is planning. So, in a very simple way we can define the plan or the planning. Means it bridges the gap between the present and the future. Where we are today and where we want to go in the future is linked by this planning. Means we have to plan the future course of action to achieve the objectives. The objectives that we have set for the organization. So, in the planning aspect or the planning function we have to set the objectives. Break down the objectives into goals and for achieving this we have to formulate the strategies. These are all part of planning. Means a manager have to set the objectives for the organization. And accordingly you have to set the strategies for the achievement of these objectives. So, in this aspect strategies may be different. Means we have different options to achieve a particular set of objectives. Now the manager job is to select the most efficient strategy to achieve the set objectives. In terms of time, may be in terms of cost, may be in terms of organizational resources available etc. So, these are the various factors that a manager considers while formulating a plan. So, planning also involves decision making. So, in our daily life we often make some plans. For example, suppose in the evening we have a plan to go for a movie. So, that is a very simple kind of plan. But in case of a very large organization consider an M&C where the planning purpose take a very high degree of time of a particular executive, particular manager in framing the objectives, framing the goals and strategies for his organization. So, this function is very important from managerial aspect. So, it is a first function. And on the efficiency of plan, on the effectiveness of plan the whole organizational success depends to a great extent. Because in planning we have to consider both external as well as internal factors. And accordingly we have to move with the plan, with the strategies that we have set. So, now let us discuss the second function of management. It is organizing. So, we use the term organization in this way. So, if we use the term organization it refers to an entity. Organizing is a process. The continuous process involves various steps. Then again it is a group of people. Means if there is an organization there are some people working in the organization. And with these people the whole organization will run. And thus structure. Structure means there is an organizational structure. That organizational structure is for the flow of authority and responsibility. So, organizing is a process of dividing the whole organization into some sections or some divisions or departments or brands. Means the total organization is divided into some small sections so that the work can be divided. Means the application of principle or division of labor. So, the whole organization has been divided into some sections. Somewhere that may be known as departments, somewhere that may be known as divisions etc. So, by dividing the whole organization we are dividing the whole line of activity, whole the objectives and assigning each part of the work to a particular department or particular sections. So, this particular section will have people, this particular department will have some other people. So, each person will be responsible for his particular work. And if that particular person performs his work carefully then all other works can be united together. And the objectives that we have set in the planning process can be achieved by the organization. So, organizing simply is the division of the whole organization dividing the organization into small groups. And accordingly the work is assigned to each individual and departments and like that the whole organization work are done and the objectives are going to be achieved by that particular organization. So, let's start the third function of management. So, we have discussed planning as a function of management. Next we have discussed organization, organizing and the third one is stuffing. It is concerned with the human resource that an organization has. So, definitely it includes certain aspects like HR plan. So, at the beginning we have discussed planning as a managerial function. Then again here we are doing the planned planning that is HR plan, human resource plan. So, we have to calculate the inventory. Inventory means the stock items that we have or the stock item that we are going to place order. In case of HR planning, HR inventory means the people we have, the skill we have and what type of skill we may need in the coming future. So, this have to be calculated and we have to make a plan. So, it is the planning for the human resource, the resource that we are getting for the organization. Then some other aspects covered are job analysis, recruitment, selection, etc. All these aspects will be covered by the stuffing aspect. So, this is particularly important because if we have a plan, if we have an organization means all the physical resources are available, the organization has been properly divided but if there is no human being to run the organization, how the organization will achieve these objectives. Considering this thing, the stuffing is very important because in stuffing function the manager have to deal with his superiors, the manager have to deal with his subordinates and the dealing must be in the proper form so that he can achieve the set objectives. So, he have to motivate his subordinates, he have to provide a good leadership providing good leadership, he will be able to move the human resources of the organization and accordingly the main team of the management that is getting things done by others can be performed by the manager. So, next we will discuss number 4 function directing. Here a manager have to direct the human resource, direct his subordinates. He have to provide the guidance, how to do the work, how to achieve the objectives of the organization. So, in planning the set objectives in organizing, he organized the whole organization by dividing into departments, into sections, stuffing, he recruited people and in directing function he have to provide the guidance because without guidance how his subordinates will move for the achievement of the organizational objectives. So, this particular function of management is concerned with the guidance means he have to provide the leadership, he have to motivate, he have to in the light of organizational objectives he have to guide all the human resource that he have recruited for the organization for the achievement of the organizational objectives. So, this is important because it is also concerned with directing of human resource as well as directing of the physical resources of the organization. So, these are the four that we have discussed and we have another important aspect functions that is number 5, number 5 function of management that is controlling. So, we have discussed some other functions like planning, organizing, stuffing, directing and it is time to discuss about controlling. So, controlling is an important function of management and if we have a plan we must have control. So, if we are planning for a particular target, we are formulating a particular strategy to achieve a particular objective, we must have some control. Control means how will detect any deviations from the planning. In planning we set the objectives and we formulate the strategies. Whether these strategies are performing well to achieve these objectives at the same time this have to be calculated, this have to be compared. So, that is connected with controlling means in the mid of performing our task we have to see whether we are performing well, whether we are performing in terms of the achievements to be achieved, whether we are formulating these strategies properly. So, these are the certain aspects that will be covered in this important function of management that is controlling. So, controlling is concerned with four important aspects. So, I can now please now related aspects that we have talked about. Number 1, establishment of standards. Standard means the objective that we have set in the planning stage. Number 1 means we have set the objectives, we have established the standards how we will perform what we are going to achieve. Then number 2 is measurement. Measurement of performance means we are continually measuring our performance. We are evaluating our performance. We are acting on the base of these standards and at this moment we are seeing whether we are performing according to the same standards or not. So, we are measuring our performance on the base of these same standards. And number 3, now you compare. Number 3, compare. Compare between the same standards and the performance. So, it is a comparison. So, controlling is comparing. So, if there are results of the comparison, so that there are some deviations from the set standards, set objectives, then we have to take some corrective actions. So, corrective actions. So, within this particular functions that is controlling, the completion is pertaining to the set standards of the organization. Same standards means the objectives. The targets we have given to the subordinates. The targets we have given to our production department. We are reviewing the assessment. If it is according to our set standards, then the organization can run smoothly. And it is going on to achieve the target. If there are some deviations, then the job of manager is to take the corrective action to correct the deviation. So, that we can achieve the long term objective, the organizational strategies. So, this is all about controlling aspect of management. So, it is the important function because if we have a plan, if we have the organization structure, we have the organization. If we have the people, if we have properly directed them, then why we will not be able to achieve the objectives. So, that is important and we have to continuously monitor our resources, our functions, our performance. So, this is connected with the controlling function of management. So, these are the main functions of management that we have discussed. So, let us quickly summarize the things. Today, our topic of discussion was the functions of management. Where we have discussed planning, number one. Number two, organizing. Number three, staffing concerned with human resource. Number four, direction. And number five that we have just discussed is controlling aspect. So, these are the five functions of management. So, today our topic of discussion was functions of management. We are closing it today. And we will discuss some other topics in some other day. Thank you very much.